São Paulo – Ovos Mantiqueira, an egg company based in Rio de Janeiro, sells 75% of its total exports to Dubai, United Arab Emirates. Since the beginning of this year, the company send, every week, five containers of eggs to the emirate; from January to July, the firm’s revenues totaled USD 4 million.
The company’s president, Leandro Pinto, said that Ovos Mantiqueira has been exporting to Dubai for ten years, but that this year the volume went from two containers to five per week. They buy white chicken eggs, moved in refrigerated containers at 4°C with a 90-day shelf life. The trip last approximately 30 days.
Besides the UAE, the company has been exporting for twelve years now to other three markets abroad, Bolivia, South Africa and Hong Kong, and sold sparingly to Abu Dhabi (UAE) and Qatar in 2016.
Pinto said he’s planning to enter other markets, including others in the Arab world, but that he’s waiting for an improvement in the markets’ regulations. His main competitors abroad are Saudi Arabia, Russia and Ukraine.
“But total exports account only for a small part of the company’s output, 2%,” said the business owner. Ovos Mantiqueira sells in all Brazilian states, especially in the North, Central-West, Southeast and South regions, and suppliers large supermarket chains and the food industry. “We have, currently, a 7% market share in the country”, he said.
Mantiqueira has been in the market for 31 years and it’s considered to be South America’s largest egg producer, the third in Latin America and 12th worldwide. Its output is of 6.5 million eggs per day, with annual revenues at BRL 500 million (USD 138.50 million). “Egg is fashionable, and I believe I bring a healthy choice to consumers’ tables,” concluded Pinto.
Translated by Sérgio Kakitani
